Harvard Business School Logo

Harvard Business School

Graduate School (MBA)
Cambridge, MA
hbs_aerial_shot_philanthroopy_home_640x360.jpg
5d373c7f100a244661598bb3.webp
fullhd-thumb.jpg

Magoosh Advice

Test-optional is taking over the MBA world, but what do the top MBA admissions committees want to see?

Overview

Located in Boston, Harvard Business School is synonymous with top-tier business education, renowned for its case-based teaching and an impressive global alumni network. Its commitment to leadership development prepares students to excel in a complex global business environment, offering an educational journey that fosters personal and professional growth, equipping graduates to make significant contributions to the business world.

Class Size
938
Region
US Northeast
Acceptance Rate
14.4%
GPA (Average)
3.73
GMAT (Median)
740
Annual Cost of Attendance
$115,638

Application Stats

Harvard Business School attracts more applicants than any other top business school. With 86% of admitted students choosing to enroll, it maintains the highest yield rate, reflecting its status as a highly competitive and sought-after MBA program.

Applications Received
8,264
Acceptance Rate
14.4%
Accepted
1,187
Yield Rate
86%

Demographics

International Students
39%
Women
45%

Test Scores

HBS has no minimum GMAT or GRE to apply and they do not have a preference toward one test or the other. They will accept the new, shorter GRE beginning September 2023 and the GMAT Focus beginning April 2024.

GMAT (Median)
740
GRE Quant (Median)
163
GRE Verbal (Median)
163

Beyond The Numbers

Education

Students heading to Harvard Business School not only bring a diverse academic background, but they also arrive with strong academic performance, boasting an average undergraduate GPA of 3.73. Notably, 11% of the student body are trailblazers in their families, being the first generation to attend college, which adds to the diversity of perspectives and experiences within the HBS community.

Undergraduate Majors
25%
Engineering
22%
Business
21%
Economics
17%
Math/Physical Science
12%
Social Sciences
4%
Arts/Humanities
GPA (Average)
3.73
First Generation
11%

Work Experience

Before attending Harvard Business School, students come from a diverse array of professional backgrounds, with the largest segments having worked in consulting and venture capital/private equity, each constituting 17% of the cohort. The technology sector also represents a significant pre-MBA industry with 13% of students, while traditional sectors like financial services and consumer products/retail each account for 10%. This variety showcases the breadth of experiences that converge at HBS, reflecting the school's appeal to professionals from both conventional and emerging sectors.

Pre-MBA Industries
17%
Consulting
17%
Venture Capital / Private Equity
13%
Technology
10%
Financial Services
10%
Consumer Products/Retail
9%
Manufacturing / Industrial / Energy
7%
Health/Pharma/Biotech
6%
Military
6%
Government, Education, Nonprofit
3%
Media / Entertainment / Travel
2%
Services
Years of Work Experience (Average)
4.9

Post-MBA

After graduating from Harvard Business School, the majority of students gravitate towards finance (33%) and consulting (26%), highlighting the school's strength in these traditional MBA industries. Additionally, a significant 17% move into private equity, reflecting the school's strong ties to the investment community. Geographically, most alumni remain in the United States, with a substantial 54% working in the Northeast, showcasing the school's influence in the region's economic landscape.

Base Salary (Median)
$175,000
Signing Bonus (Median)
$30,000
Students receiving job offer
86%

2023-24 Application Deadlines

ROUND 1
September 6, 2023
DECISION
December 6, 2023
ROUND 2
January 3, 2024
DECISION
March 27, 2024

Considering an MBA?

Join over 3000 students using Magoosh for expert guidance on preparing their most competitive MBA application this admissions season.

Sign Up Now
Considering an MBA?